
Marketing Connections Partners With The Vernon Company Vol. 882
January 5, 2012
Hawaii-based distributor Marketing Connections
(asi/261635) has announced the joining of its operations with Counselor Top
40 distributor The
Vernon Company (asi/351700). Financial terms of the deal were not
disclosed. "We were looking for a partner who would understand our unique
and geographically-diverse client base, and who would have the financial
position to support our long-term growth," said Mike Wells, owner of
Marketing Connections. "We chose The Vernon Company based on the synergies
between our two companies, particularly their flexibility and team approach to
client services."
According to the terms of the agreement, Wells and eight
other employees will continue to maintain the Marketing Connections corporate
identity, while representing The Vernon Company. In turn, Vernon
will assume administrative operations and provide marketing and technology
support. "The addition of Mike Wells and the Marketing Connections' team
gives us a huge lift in this region," said Dave Regan, vice president of
sales for Vernon. "It is
obvious they are seasoned professionals and know how to best serve this
region."
For the last 15 years, Marketing Connections has serviced
clients throughout Hawaii and Guam.
A fourth-generation family company, Vernon
was founded in 1902 and currently employs over 500 people in the U.S.
and Puerto Rico. Ranked as the 25th-largest distributor
in the industry, The Vernon Company reported more than $58 million in North
American ad specialty sales in 2010. |